"Let me add, that it is the great desideratum, by which this form of Government can be rescued from the opprobrium under which it has so long labored, and be recommended to the esteem and adoption of mankind." Federalist 10, James Madison

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Thursday, January 27, 2011

And the Revolution will be led by...Retired State Employees and Burned Municipal Bond Holders?

Quietly and behind the scenes (until now), Republicans have been floating bills to allow states to go bankrupt so they can renege on public employee pensions and municipal bond obligations. Please read the New York Times article (and others) below. Make sure to read the comments from angry retired public employees!: